Kirby (KEX) Operating Margin (2009 - 2025)
Kirby's (KEX) quarterly Operating Margin came in at 15.22% in Q4 2025, up 897.0% year-on-year from 1.53% in Q4 2024, and up 2.64% quarter-over-quarter from 14.83% in Q3 2025.
Kirby (KEX) Operating Margin (2009 - 2025) Analysis & Trends
Kirby's Operating Margin history runs 17 years deep, the most recent figure standing at 15.22% for Q4 2025.
- On a quarterly basis, Operating Margin rose 897.0% year-over-year to 15.22% in Q4 2025; TTM through Dec 2025 was 14.75%, a 253.0% increase from a year earlier, with the FY2025 full-year figure at 14.75%, up 253.0% from the prior year.
- Operating Margin rose to 15.22% in Q4 2025 per KEX's latest filing, from 14.83% in the prior quarter.
- Across five years, Operating Margin topped out at 15.41% in Q2 2025 and bottomed at 52.92% in Q3 2021.
- The 5-year median for Operating Margin is 9.71% (2023), against an average of 6.78%.
- Biggest YoY gain for Operating Margin was 7979 bps in 2021; the steepest drop was 5894 bps in 2021.
- Year by year, Operating Margin stood at 5.34% in 2021, then surged by 48 bps to 7.91% in 2022, then soared by 47 bps to 11.61% in 2023, then plunged by 46 bps to 6.25% in 2024, then surged by 144 bps to 15.22% in 2025.
- Per Business Quant, the three latest KEX Operating Margin figures stand at 15.22% (Q4 2025), 14.83% (Q3 2025), and 15.41% (Q2 2025).
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | ZIM Integrated Shipping Services | 3,084,216.90 Bn | 3,084,215.99 Bn | 57.20 Mn | -1.31% |
| 2 | Danaos | 37,407.52 Bn | 37,406.64 Bn | 203.71 Mn | 86.60% |
| 3 | Sfl | 1,574.06 Bn | 1,573.91 Bn | 66.27 Mn | -47.34% |
| 4 | Capital Clean Energy Carriers | 37.96 Bn | 37.42 Bn | 95.52 Mn | 93.93% |
| 5 | Kirby | 9.76 Bn | 9.69 Bn | 291.34 Mn | 15.22% |
| 6 | Matson | 6.49 Bn | 6.39 Bn | - | 8.10% |
| 7 | C3is | 5.03 Bn | 5.03 Bn | 10.51 Mn | 45.48% |
| 8 | Hafnia | 3.79 Bn | 3.79 Bn | 152.41 Mn | 48.93% |
| 9 | Intercont (Cayman) | 3.29 Bn | 3.29 Bn | - | - |
| 10 | Star Bulk Carriers | 3.08 Bn | 2.59 Bn | 493.84 Mn | 301.56% |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 15.22% |
| Sep 30, 2025 | 14.83% |
| Jun 30, 2025 | 15.41% |
| Mar 31, 2025 | 13.43% |
| Dec 31, 2024 | 6.25% |
| Sep 30, 2024 | 15.27% |
| Jun 30, 2024 | 14.62% |
| Mar 31, 2024 | 12.56% |
| Dec 31, 2023 | 11.61% |
| Sep 30, 2023 | 12.23% |
| Jun 30, 2023 | 11.23% |
| Mar 31, 2023 | 8.19% |
| Dec 31, 2022 | 7.91% |
| Sep 30, 2022 | 7.90% |
| Jun 30, 2022 | 6.67% |
| Mar 31, 2022 | 4.86% |
| Dec 31, 2021 | 5.34% |
| Sep 30, 2021 | -52.92% |
| Jun 30, 2021 | 4.29% |
| Mar 31, 2021 | 0.64% |